Blackbaud Files 8-K/A Amendment
Ticker: BLKB · Form: 8-K/A · Filed: Feb 7, 2025 · CIK: 1280058
Sentiment: neutral
Topics: amendment, impairment, acquisition-disposition
TL;DR
Blackbaud filed an 8-K/A amendment for a Dec 9th event, looks like they took an impairment charge.
AI Summary
Blackbaud, Inc. filed an amendment (8-K/A) on February 7, 2025, to its report originally dated December 9, 2024. This amendment pertains to Item 2.01, which concerns the completion of acquisition or disposition of assets. The filing indicates a material impairment charge was recognized, though specific details on the acquisition or disposition and the financial impact of the impairment are not provided in this excerpt.
Why It Matters
This amendment to a previous filing suggests a significant event related to asset acquisition or disposition has occurred, potentially impacting Blackbaud's financial position and future operations.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings, especially those related to asset acquisitions/dispositions and impairments, can signal significant financial events that may affect stock value.
Key Players & Entities
- Blackbaud, Inc. (company) — Registrant
- December 9, 2024 (date) — Original report date
- February 7, 2025 (date) — Filing date of amendment
- 65 Fairchild Street, Charleston, South Carolina 29492 (address) — Principal executive offices
FAQ
What specific asset acquisition or disposition is being amended in this 8-K/A filing?
The provided excerpt does not specify the details of the asset acquisition or disposition, only that the amendment relates to Item 2.01 concerning such events.
When was the original 8-K report filed, and what was its date of the earliest event reported?
The original 8-K report was filed as of December 9, 2024, and that was also the date of the earliest event reported.
What is the purpose of this 8-K/A filing?
This is an amendment (Amendment No. 1) to a previously filed Form 8-K, indicating a change or addition to the information originally reported.
What item information is specifically mentioned as being reported in this filing?
The filing explicitly mentions 'Material Impairments' as item information.
What is Blackbaud, Inc.'s principal executive office address?
Blackbaud, Inc.'s principal executive offices are located at 65 Fairchild Street, Charleston, South Carolina 29492.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-02-07 16:08:24
Key Financial Figures
- $0.001 — ange on which Registered Common Stock, $0.001 Par Value BLKB Nasdaq Global Select Mar
- $415 million — -tax noncash impairment charge of up to $415 million related to its EVERFI asset group and i
- $385 million — I asset group is expected to be between $385 million and $395 million, which will be reected
- $395 m — expected to be between $385 million and $395 million, which will be reected in its con
Filing Documents
- blkb-20241209.htm (8-K/A) — 25KB
- blkb-20241209_g1.jpg (GRAPHIC) — 13KB
- 0001280058-25-000005.txt ( ) — 180KB
- blkb-20241209.xsd (EX-101.SCH) — 2KB
- blkb-20241209_lab.xml (EX-101.LAB) — 21KB
- blkb-20241209_pre.xml (EX-101.PRE) — 12KB
- blkb-20241209_htm.xml (XML) — 3KB
06 Material Impairments
Item 2.06 Material Impairments On February 6, 2025, the Company determined that the estimated pre-tax noncash impairment charge related to its EVERFI asset group is expected to be between $385 million and $395 million, which will be reected in its consolidated financial statements for the year ended December 31, 2024. The impairment charge will not result in any future cash expenditures. Additional disclosures will be provided in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLACKBAUD, INC. Date: February 7, 2025 /s/ Anthony W. Boor Anthony W. Boor Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)